Updated Duplex with Lake
For Sale
$495,000
17-19 Teal Road, Averill Park, NY 12018
Two move-in-ready homes on one parcel, with one residence leased through September 30, 2026.
Property Size3,191 SF
Price / SF$155.12
Days on Market22
Property Features for 17-19 Teal Road
General Information
Standard status
Active
Size
3,191 SF
Property subtype
Multi-family
Building Details
Year Built
1997
Listing Agency:
Sierra North Real Estate LLC
Listed By:
Sheila A Lobdell
(518) 639-4663
Source:
Signatureonerealtygroup
Added: Jul 13
Changed: Jul 26
Last Checked: Aug 2 at 3:09PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sierra North Real Estate LLC
Investment Insights
Based on property information with market context.
This updated duplex offers two separate homes on a single, one-acre parcel. Both residences have been extensively refreshed with quality finishes, including renovated kitchens with granite countertops, updated bathrooms, new flooring, and modern interior finishes designed for comfortable move-in readiness.
One of the homes is currently leased through September 30, 2026, providing immediate rental income while allowing flexibility for an owner-occupant or multi-generational arrangement. The property is set in a peaceful, private location with seasonal views of Glass Lake and is within walking distance of public lake access.
Convenient to local dining, coffee shops, specialty stores, and entertainment, this is also positioned near MA and VT attractions, including summer concerts at Tanglewood and snow skiing at Jiminy Peak.
One of the homes is currently leased through September 30, 2026, providing immediate rental income while allowing flexibility for an owner-occupant or multi-generational arrangement. The property is set in a peaceful, private location with seasonal views of Glass Lake and is within walking distance of public lake access.
Convenient to local dining, coffee shops, specialty stores, and entertainment, this is also positioned near MA and VT attractions, including summer concerts at Tanglewood and snow skiing at Jiminy Peak.
Key Highlights
- Two separate homes on one 1‑acre parcel, both updated and move‑in ready
- Renovated kitchens with granite countertops, updated baths, and new flooring in both residences
- One home is currently leased through September 30, 2026, providing immediate rental income
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.2k | $19.80 |
| − Vacancy | −$3.5k | −$1.09 |
| EGI | $59.7k | $18.71 |
| − OpEx | −$17.9k | −$5.61 |
| NOI | $41.8k | $13.10 |
3,191 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$597.1K
$522.4K – $696.6K
NOI $41,795 @ 7.0% cap · market cap 8.44%
Second Best
Apartment 5plus
$553.3K
$484.2K – $645.6K
NOI $38,733 @ 7.0% cap · market cap 7.82%
Theoretical Best
Office A
$797.7K
$698.0K – $930.7K
NOI $55,839 @ 7.0% cap · market cap 11.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Explore this area
Business Placement
Demographics for 12018, NY
7,626
Population
3,123
Households
2.4
Avg Household Size
46
Median Age
43%
College-Educated
97%
High-School Grad
46.2 sq mi
ZIP Area
165
Density / Sq Mi
$133,542
Median Household Income
$72,310
Median Earnings
$1,339
Median Rent
$318,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two move-in-ready homes on one parcel, with one residence leased through September 30, 2026.
Where is this duplex located?
The property is located at 17-19 Teal Road Averill Park, NY.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Two separate homes on one 1‑acre parcel, both updated and move‑in ready; Renovated kitchens with granite countertops, updated baths, and new flooring in both residences; One home is currently leased through September 30, 2026, providing immediate rental income
